Vedanta shares jump 3% after company announces Rs 11 interim dividend

The shares of metals major Vedanta jumped nearly 3% on Tuesday after the company’s board considered and approved a third interim dividend of Rs 11 per equity share for the ongoing financial year 2026. During its board meeting yesterday, the directors of the Anil Agarwal-led company approved the dividend payout cumulatively amounting to Rs 4,300 crore, the company announced in an exchange filing in the post market hours of Monday.

• Additionally, Vedanta moved the National Company Law Appellate Tribunal (NCLAT), challenging the National Company Law Tribunal’s (NCLT) approval of the Adani Group’s bid to acquire Jaiprakash Associates Ltd for Rs 14,535 crore.
• Last year, the company had announced two interim dividends, Rs 16 in August and Rs 7 in June.
• Vedanta shares jumped nearly 3% to Rs 664 apiece in the early trading hours of Tuesday.

Watch next: Vedanta had already fixed Saturday, March 28, as the record date to determine the eligibility of shareholders set to receive the dividend.